Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    620 Ridgewood Dr Sebring, FL 33870-7229

    • Retail space
    • 8,472 SF
    • 1.11 lot acres
    OFF-MARKET
    Value Estimations
    $1,215,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0351111
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Family Dollar / Discount Store

    Property Details for 620 Ridgewood Dr

    Year built
    2014
    Construction
    FRAME
    Lot size
    1.11 lot acres
    Property size
    8,472 SF
    Zone code
    C1
    Property type
    Retail space
    APN
    S-29-34-29-070-0170-0030
    APU
    S29342907001700030

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,325,000
      6.5%
      $1,225,000
      7%
      $1,135,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,463,000
      Market price range: $711k - $2.80M
      AI Estimate
      $950,000
      Market price range: $521k - $1.60M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,660,000
      Current use
      WAREHOUSE, STORAGE
      $1,855,000
      Change: +12% Conversion: Difficult
      MEDICAL BUILDING
      $1,395,000
      Change: -16% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sebring
    County
    Highlands
    State
    Florida
    Longitude
    -81.4386
    Latitude
    27.5014
    CBSA code
    42700
    CBSA name
    SEBRING, FL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $18,699
    $53,130
    $910,345
    $963,475
    -
    $53,130
    $910,345
    $963,475

    Comparable in this City

    • Value Estimation by Request
      1,680 SF

      418 Martin Luther King Jr Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,680 SF
      418 Martin Luther King Jr Blvd, Sebring, FL 33870-3431
      View Details
    • Value Estimation by Request
      2,806 SF

      3952 Hwy 27

      Individual retail properties • 2,806 SF
      3952 Hwy 27, Sebring, FL 33870
      View Details
    • Value Estimation by Request
      3,300 SF

      177 Hwy 27

      Individual retail properties • 3,300 SF
      177 Hwy 27, Sebring, FL 33870
      View Details
    • Value Estimation by Request
      2,464 SF

      2729 Us Hwy 27th S

      RETAIL STORES (PERSONAL SERVICES) • 2,464 SF
      2729 Us Hwy 27th S, Sebring, FL 33870-5049
      View Details
    • Value Estimation by Request
      1,232 SF

      4208 Us Hwy 27th S

      RETAIL STORES (PERSONAL SERVICES) • 1,232 SF
      4208 Us Hwy 27th S, Sebring, FL 33870-5518
      View Details
    • Value Estimation
      $1,560,000
      16,425 SF

      305 Us Hwy 27th Nace

      RETAIL STORES (PERSONAL SERVICES) • 16,425 SF
      305 Us Hwy 27th Nace, Sebring, FL 33870-2148
      View Details

    Similar Nearby for Sale

    • $399,000
      2,886 SF

      Sebring Commercial Building For Sale

      Commercial building in downtown Sebring, an excellent investment opportunity.
      343 S Commerce Ave, Sebring, FL 33870
      View Details
    • $500,000
      4,768 SF

      Downtown Sebring Mixed-Use Investment

      Well-maintained mixed-use property in Downtown Sebring with income potential.
      2160 Lakeview Dr, Sebring, FL 33870
      View Details
    • $235,000
      1,350 SF

      Downtown Sebring Commercial Building For Sale

      Commercial building in downtown Sebring near the Courthouse.
      351 S Commerce Ave, Sebring, FL 33870
      View Details
    • $240,000
      2,175 SF

      Retail Space in Fairmont Plaza

      2175 SF retail building with ample parking.
      3750 Us-27 Hwy N, Sebring, FL 33870
      View Details
    • New
      $3,000,000
      21,168 SF

      Retail/Warehouse Space on US 27

      21,000+ sq ft retail/warehouse on 1.54 acres.
      4230 Us 27 Hwy, Sebring, FL 33870
      View Details
    • Contact for pricing
      2,900 SF

      Retail Space in Sebring, FL

      Retail space available in Desoto Square shopping center.
      3220 Us 27 Hwy S, Sebring, FL 33870
      View Details

    Similar Nearby for Lease

    • $1,125 /Mo
      900 SF

      Retail Space in Sebring, FL

      Multiple retail units available for lease in Sebring, Florida.
      3216 Us 27 Hwy S, Sebring, FL 33870
      View Details
    • $1,180 /Mo
      1,180 SF

      Sebring Retail Space For Rent

      Commercial space in Golfview Plaza, centrally located on US Hwy 27.
      1245 U S Highway 27, Sebring, FL 33870
      View Details
    • $1,180 /Mo
      1,180 SF

      Sebring Retail Space For Rent

      Commercial space in Golfview Plaza, centrally located on US Hwy 27.
      1245 Hwy S, Sebring, FL 33870
      View Details
    • $2,000 /Mo
      2,601 SF

      Versatile Commercial Space in Sebring

      2,601 sq ft commercial space in Sebring, Florida.
      971 State Road 17 N, Sebring, FL 33870
      View Details
    • Contact for pricing
      2,000 SF

      Retail Endcap Space Near Highway

      2,000 SF retail space in a high-traffic area.
      4228 Sebring Pkwy, Sebring, FL 33870
      View Details
    • $2,538 /Mo
      2,175 SF

      Retail Space in Fairmount Plaza

      2,175 SF retail space in Sebring, FL for lease.
      3750 N Us-27 Hwy N, Sebring, FL 33870
      View Details

    Property Visit Statistics

    • Visits by month
      12.5k
    • Visitors by month
      6.0k
    • Avg Time on site
      14 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    620 Ridgewood Dr
    Sebring, FL 33870-7229
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!